Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1547362

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inflation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions his Department has had with the Bank of England on meeting the two per cent inflation target.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100906
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100907 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1547363

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Monetary Policy: Inflation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of quantitative easing on the rate of inflation.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100907
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1547364

	registered interest
	date	01/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank of England: Monetary Policy
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to undertake a review of the autonomy of the Bank of England on monetary policy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	100908
	answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100907 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1564398

	registered interest
	date	06/01/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Incentives
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of uncapping bankers bonuses on tax revenue.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	117493
	answer	answer is ministerial correction date of answer 11/01/2023 answer text <p>The removal of the banker’s bonus cap is a rule change being proposed by the independent Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). As such HM Treasury has not assessed the impact of removing this cap on tax revenue.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/01/2023 15:56:53 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1599516

	registered interest
	date	27/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Securities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of UK gilts are held by (a) foreign central banks and (b) banks located in the People's Republic of China as of 27 February 2023.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	153714
	answer	answer is ministerial correction date of answer 06/03/2023 answer text <p>The gilt market is deep and liquid and is supported by a generally well-diversified investor base, including domestic and foreign investors.</p><p> </p><p>The Office for National Statistics (ONS) publishes data on the broad breakdowns of the underlying owners of UK government debt as part of the UK Economic Accounts, published quarterly. The ONS, however, does not provide a domicile breakdown of where UK debt is held overseas, so it is not possible to observe the specific amount of gilt holdings by sub-groups of overseas investors.</p><p> </p><p>The latest available ONS data can be found here:</p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ons.gov.uk%2Feconomy%2Fnationalaccounts%2Fuksectoraccounts%2Fdatasets%2Funitedkingdomeconomicaccountssectorgeneralgovernment&amp;data=05%7C01%7CSanjana.Gopy%40hmtreasury.gov.uk%7Ca7c8cf8c57f04689616908db199bd80a%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638131929348550591%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=pDVpSN%2BhH3uExuwhtFNPag%2Fon8vsEFY7zxgBeBhgRSA%3D&amp;reserved=0" target="_blank">https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/datasets/unitedkingdomeconomicaccountssectorgeneralgovernment</a>.</p><p> </p><p>More generally, gilts are largely held in nominee accounts and holdings of underlying beneficial owners are therefore not identifiable.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/03/2023 11:53:42 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1649319

	registered interest
	date	30/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Buy Scheme and Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to take steps to review the (a) Lifetime ISA and (b) help-to-buy property price thresholds.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	191895
	answer	answer is ministerial correction date of answer 05/07/2023 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK except for Inner London, where the average price paid is affected by Boroughs with very high property values.</p><p> </p><p>The Government keeps all aspects of the savings tax regime under review.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/07/2023 13:07:51 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1649320

	registered interest
	date	30/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	191896
	answer	answer is ministerial correction date of answer 05/07/2023 answer text <p>The LISA is designed to support people to achieve the aspiration of homeownership, or to build up savings for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal illness or from the age of 60.</p><p> </p><p>Although the government recognises that some individuals may wish to access their LISA savings for purposes other than those listed above, the Government considers that the charge is needed to protect the LISA’s status as a long-term savings product.</p><p> </p><p>Removing or reducing the withdrawal charge would not be consistent with this and would encourage the use of LISAs in ways for which they were not intended.</p><p> </p><p>The Government keeps all aspects of the savings tax regime under review.</p><p><strong> </strong></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/07/2023 13:05:55 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1654638

	registered interest
	date	20/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has considered the potential merits of increasing the premium bond investment ceiling.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195346
	answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The Government keeps the Premium Bond investment limit under review, to ensure that the limit continues to reflect the interests of savers, taxpayers, and the wider financial sector.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:39:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1654639

	registered interest
	date	20/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages: Interest Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to help support homeowners who are unable to make mortgage payments following increases in interest rates in the last 12 months.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195347
	answer	answer is ministerial correction date of answer 06/09/2023 answer text <p>The pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers.</p><p> </p><p>On Friday 23 June the Chancellor met with the UK’s largest mortgage lenders, UK Finance and the Financial Conduct Authority to discuss how lenders will provide support for those who encounter problems keeping up with their mortgage payments. At this meeting, lenders agreed to a new Mortgage Charter to support borrowers struggling with their mortgage payments that was published on 26 June. The Charter sets out the standards signatory lenders will adopt when helping their customers, including new flexibilities to help customers manage their mortgage payments over a short period.</p><p> </p><p>The Charter is in addition to the significant safeguards already in place for consumers in the mortgage market. Financial Conduct Authority rules require lenders to engage individually with their customers who are struggling or who are worried about their payments in order to provide tailored support. The Government has also taken measures aimed at helping people to avoid repossession, including Support for Mortgage Interest (SMI) loans, and protection in the courts through the Pre-Action Protocol.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 06/09/2023 15:37:45 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1655897

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to take steps to require businesses to accept cash payments.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195774
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The government has no plans to add to regulatory burdens on business by mandating cash acceptance. As technology and consumer behaviour changes, it should remain the choice of individual organisations as to whether to accept or decline any form of payment, including cash or card.</p><p> </p><p>Nonetheless, the government recognises that, to support people’s ability to continue to transact using cash, businesses need reasonable access to cash deposit facilities to support them to keep accepting cash.</p><p> </p><p>The government therefore legislated through the Financial Services and Markets Act 2023 to establish the Financial Conduct Authority as the lead regulator for access to cash and provide it with responsibility and powers to seek to ensure reasonable provision of both cash withdrawal and cash deposit facilities.</p><p> </p><p>The government considers that this legislation will support organisations, including local businesses, to continue accepting cash by ensuring that they have reasonable access to cash deposit facilities.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:19:36 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1656356

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Iceland: Banks
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will consider the potential merits of the Government issuing an apology to the Icelandic people for using section 4 of the Anti-terrorism, Crime and Security Act 2001 to seize Icelandic bank assets between 2008 and 2011.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	195926
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>The Anti-terrorism, Crime and Security Act 2001 contains a broad range of provisions, and the Government has been clear that the Landsbanki Freezing Order 2008 was not made on the basis of the anti-terrorism provisions within the Act.</p><p> </p><p>The decision to protect UK depositors in Icelandic banks was made after extensive conversations with the Icelandic Government who, at the time, were unable to provide assurances regarding the position of UK creditors following Landsbanki being placed into receivership in October 2008. This presented a serious risk that the rights of UK creditors would be prejudiced compared with those of others, which would have had an extremely detrimental impact on the UK economy at a time of unprecedent disturbances in the financial sector.</p><p> </p><p>The Government believes that it was right to take urgent action to protect financial stability within the United Kingdom.</p><p> </p><p>HM Treasury subsequently revoked the freezing orders on Landsbanki on 15 June 2009, without the normal notification period, as commitments made by the Icelandic Government in respect of depositors removed the threats to UK economic interests that had caused HMT to make the original Orders.</p><p> </p><p>The UK greatly values its historic relationship with Iceland, with diplomatic relations stretching back over 80 years, and the Government will continue to ensure our bilateral and regional cooperation remains strong.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 13:17:46 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1659516

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Closures
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he is taking steps to tackle the potential impact of high street bank branch closures on vulnerable individuals who rely on cash.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	198670
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The government believes that all customers, wherever they live, should have appropriate access to banking and cash services.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities across the UK, including free withdrawal and deposit facilities in relation to personal current accounts.</p><p> </p><p>Decisions on opening and closing branches are a commercial issue, and the government does not intervene in these. However, under FCA guidance, firms are expected to carefully consider the impact of planned branch closures on the everyday banking and cash access needs of their customers and consider possible alternative access arrangements. This seeks to ensure that the implementation of closure decisions is undertaken in a way that treats customers fairly.</p><p> </p><p>Alternative options for access to banking can be via telephone banking, through digital means such as mobile or online banking, and the Post Office. The Post Office Banking Framework allows 99% of personal banking and 95% of business banking customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches in the UK.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 18/09/2023 15:47:57 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1447 label Biography information for Andrew Rosindell

1671364

	registered interest
	date	20/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: British Overseas Territories
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with his counterparts in the British Overseas Territories on increasing transparency in their financial services sectors.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	2525
	answer	answer is ministerial correction date of answer 28/11/2023 answer text <p>Treasury Ministers and officials regularly meet with representatives of the Crown Dependencies and the Overseas Territories, and of overseas jurisdictions, to discuss issues of mutual importance.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="http://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 28/11/2023 11:39:34 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1683385

	registered interest
	date	18/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Consumer Goods: Prices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the potential increase in the average price of goods following the redirection of ships around the Cape of Good Hope.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10419
	answer	answer is ministerial correction date of answer 26/01/2024 answer text <p>Since November, due to Houthi attacks, 12 international shipping companies have been forced to suspend passage through the Red Sed, causing lengthy delays and disruption to global supply chains. This has included causing insurance premiums for Red Sea shipping to increase ten-fold; although, this only contributes a small fraction of total costs passed onto the end-consumer.</p><p>These attacks therefore present a risk of increased prices for consumer goods and energy. Be assured that the Government is working closely with shipping operators to mitigate any potential impact on consumers, and the shipping and supply chain sectors are well practiced at putting contingencies in place to continue to meet their customer needs. The government continues to monitor the situation closely.</p><p>Freedom of navigation across international shipping lanes in the Red Sea must be protected. These illegal Houthi attacks are putting innocent lives at risk, threatening regional security, and harming the global economy. In all, we have seen more than 25 attacks against ships since the middle of November. This is why the UK and the US, with support from the Netherlands, Canada, Bahrain, and Australia, carried out targeted strikes on Houthi military targets in Yemen. This action was necessary, legal, proportionate and right.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 26/01/2024 14:47:24 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1683684

	registered interest
	date	19/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Environment Protection
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his planned timetable is for the publication of the consultation on the Green Taxonomy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	10611
	answer	answer is ministerial correction date of answer 29/01/2024 answer text <p>We expect to consult shortly. Following the consultation, we will analyse responses and provide a government response in accordance with Cabinet Office consultation principles.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 29/01/2024 10:58:15 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1684825

	registered interest
	date	24/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to (a) equalise and (b) increase the Lifetime ISA and Help-to-Buy ISA property price thresholds.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11274
	answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p>While the Government will continue to monitor the situation, it currently remains of the view that the property price cap for the Lifetime ISA and Help to Buy ISA is set at an appropriate level to support most first-time buyers across the UK while targeting households that may find it most difficult to get onto the property ladder.</p><p>Data from the latest <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flandregistry.data.gov.uk%2Fapp%2Fukhpi%2Fbrowse%3Ffrom%3D2022-08-01%26location%3Dhttp%253A%252F%252Flandregistry.data.gov.uk%252Fid%252Fregion%252Fsouth-east%26to%3D2023-12-01%26lang%3Den&amp;data=05%7C02%7CJyothi.Chapman%40hmtreasury.gov.uk%7C673151afe4804e6b16b308dc1dc2dca5%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638417969960891136%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=t5fbnmbNb4ZzDKtafFFzWgP6dFa0KNEGufHcJ100Y0A%3D&amp;reserved=0" target="_blank">UK House Price Index</a> demonstrates that the average price paid by first-time buyers is below the LISA property price cap in all regions of the UK.</p><p>The Government keeps all aspects of savings tax policy under review, and considers all representations made carefully, with any changes made as part of the Budget process.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 31/01/2024 13:18:16 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1684826

	registered interest
	date	24/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to reduce the Lifetime ISA withdrawal penalty.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	11275
	answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>The Lifetime ISA (LISA) is designed to support people to achieve the aspiration of homeownership, or to build up savings for their later life. LISA funds, including any Government bonus, can be withdrawn for the purchase of a first home under £450,000, in the case of terminal illness or from the age of 60.</p><p>Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups the government bonus, any interest or growth arising from it, and a proportion of the individual’s initial savings to discourage such withdrawals and protect the long-term nature of the account. Reducing the withdrawal charge would encourage the use of LISAs in ways for which they were not intended.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 31/01/2024 13:19:45 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1691174

	registered interest
	date	22/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he has taken to work with stakeholders to help ensure that people in (a) England and (b) Romford constituency can access physical banking facilities in their local area.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	15238
	answer	answer is ministerial correction date of answer 28/02/2024 answer text <p>The Government believes that all customers, wherever they live, should have appropriate access to banking and cash services, and is monitoring this issue closely.</p><p>Though the closure of bank or building society branches are commercial decisions, it is imperative that firms recognise the needs of all their customers, including those who need to use in-person services.</p><p>Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. The FCA’s guidance is clear that firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs, and put in place alternatives, where this is reasonable.</p><p>UK customers can access banking services through a number of different channels. This includes in branches, Post Offices or Banking Hubs, as well as via telephone banking and through digital means such as mobile or online banking.</p><p>The Post Office allows personal and business customers to carry out everyday banking services at 11,500 Post Office branches across the UK. Banking Hubs are an initiative which enable customers of participating banks to access cash and banking services in shared facilities. Over 100 Banking Hubs have been announced so far, and the Government hopes to see these Hubs open as soon as possible.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 28/02/2024 11:26:11 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1700064

	registered interest
	date	12/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Artificial Intelligence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of artificial intelligence on banking.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	20924
	answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>The adoption and deployment of AI is increasingly prevalent in the financial sector and has the potential to significantly improve productivity, both for individual banks and at an aggregate level. The government is committed to supporting the digital sector and has invested more than £3.5 billion in AI since 2014.</p><p>The government’s response to the AI White Paper consultation sets out how we are encouraging the safe use of AI across the economy by strengthening our global AI leadership (including by hosting the world’s first AI Safety Summit) and supporting the UK’s regulators to deliver on our pro-innovation framework.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 22/04/2024 13:13:08 answering member 4639 label Biography information for Bim Afolami
	tabling member	1447 label Biography information for Andrew Rosindell

1523541

	registered interest
	date	18/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Local Government Finance: Havering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to increase funding for the London Borough of Havering.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	65654
	answer	answer is ministerial correction date of answer 25/10/2022 answer text <p>Spending Review 2021 provided councils with £1.6 billion of new grant funding in each year between 2022-23 and 2024-25 to meet pressures in social care and other local services, resulting in £4.8 billion of additional grant in total over the three years. This represents the largest annual increases in core funding for local authorities in over a decade.</p><p>The 2022-23 Local Government Finance Settlement makes available an additional £3.7 billion to councils in total, including funding for adult social care reform. Funding allocations for future years will be confirmed by the Department for Levelling Up, Housing and Communities in due course.</p> answering member constituency Charnwood answering member printed Edward Argar question first answered 25/10/2022 11:16:22 answering member 4362 label Biography information for Edward Argar
	tabling member	1447 label Biography information for Andrew Rosindell

1006213

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Expenditure
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what comparative assessment he has made of spending on public services in the UK and other EU member states.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190822
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The level and direction of spending on public services is set according to the government’s priorities at periodic Spending Reviews and at fiscal events.</p><p><strong> </strong></p><p>These decisions are supported by extensive evidence, including when appropriate international comparisons and examples of best practice and innovation.</p><p> </p><p>At last month’s Budget the Chancellor set out a 5-year funding plan for the NHS and £84bn additional spending. The Chancellor will set out spending plans for other public services at a Spending Review next year.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 20/11/2018 14:44:36 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1006215

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Internal Trade: Northern Ireland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the contribution of the UK internal market to the Northern Irish economy.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190824
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The UK internal market benefits all the nations of the UK. The latest data from the Northern Ireland Statistics and Research Agency (NISRA) indicate that 58% of all external sales from Northern Ireland go to Great Britain.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 20/11/2018 14:42:30 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1078735

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	EU Budget: Contributions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the UK's financial contribution to the EU since 24 June 2016.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	226613
	answer	answer is ministerial correction date of answer 04/03/2019 answer text <p>The EU annually publish a financial report, which details the levels of revenue and expenditure, received and executed by the EU, relative to Member States. Between 2016 and 2017, the UK has contributed €30 billion to the annual EU budget, and received €13 billion in receipts to both the public and private sector.</p><p>Additionally, HM Treasury produce an annual European Finances Statement which details the UK’s contribution to the EU over the past year. While the OBR produce an independent forecast for annual contributions to the EU.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/03/2019 12:25:50 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1078737

	registered interest
	date	27/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Brexit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if his Department will make a comparative assessment of the cost of extending the date for the UK leaving the EU from 29 March 2019 to 30 December 2021.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	226615
	answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>We reached a fair financial settlement with the EU, honouring commitments we made during our period of membership, as set out in the draft Withdrawal Agreement in November 2018. As the Prime Minister said in her statement to Parliament, we do not want to see Article 50 extended. By far the best way forward is for Parliament to agree to leave with a deal when we bring the Meaningful Vote back. If Article 50 were to be extended, any adjustments to the financial settlement would be subject to future negotiations.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 07/03/2019 15:27:36 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell

1126922

	registered interest
	date	15/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	State Retirement Pensions: British Nationals Abroad
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse per annum of all (a) UK pensioners residing abroad who do not receive a yearly increase in state pension and (b) UK pensioners residing in the European Economic Area or Switzerland returning to reside in the UK.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	254755
	answer	answer is ministerial correction date of answer 22/05/2019 answer text <p>This information is not held. HM Treasury has not estimated the cost to the public purse of these pensioner groups.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 22/05/2019 12:45:41 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1447 label Biography information for Andrew Rosindell